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Tag: Abercrombie & Fitch Co

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was …

Sears, Walgreens among retailers that closed stores in 2019Read More

How Abercrombie & Fitch ditched its past to try to bring shoppers back

Crafting a brand is hard work. But harder still is reimaging it. Sister brands Abercrombie & Fitch and Hollister were the go-to shops for teens in early 2000s. But as Abercrombie cultivated its rebellious image with half-naked models, controversies piled up, and its popularity fell. By late 2013, activist investors arrived on the scene and …

How Abercrombie & Fitch ditched its past to try to bring shoppers backRead More

Shoppers are buying less clothing because it’s not as fun as it used to be

A shopper looks at items on sale inside of a JC Penney store in New York. Lucas Jackson | Reuters The apparel market has “hit a ceiling” and is “going into structural decline,” according to a note from Morgan Stanley. The cause of it? Consumers have reached peak happiness with clothing purchases, wrote analyst Geoff …

Shoppers are buying less clothing because it’s not as fun as it used to beRead More